FP&A Principles With Bookkeeping/Accounting

Here are the principles that we are applying between FP&A and bookkeeping/accounting at Stride for Stride as Client.

Primary Stride Principle here is around Get and Stay in Sync and Embrace Reality. This is broadly around grounding story with fact.



• All journal entry transactions are either clearly explained in the description what they are for "or" have an easy to find workpaper that supports the calculation. It is the role of the bookkeeper to assess that.

• We pay vendors once there is approval to pay them subject to the shared agreement with the decisionmaker (client) . In general, there is a default to manage to positive cash flow where possible.

• Accrued expenses have a workpaper to support the recurring monthly entry and the standard is that the workpapers are easy enough to find and understand that someone can open them up for the first time and map the work to the financials.

• All cash outflows have some explanation in the memo description at a minimum so they can be easily understood.
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• We reforecast monthly

• Hourly engagements accrue revenue for the prior month

• We invoice all clients by the 5th of the month

• FP&A and bookkeeping/accounting meet monthly to review financials before meaningful analysis is undertaken